Google Inc. (NASDAQ:GOOG) Ventures has invested in Echoecho's funding round.
Google Inc. (NASDAQ:GOOG) Investing In App Maker The search major has helped
Echoecho to raise an initial funding of $750,000, along with PROFunders Capital.
Echoecho, the Los Angeles based app maker, has been developing apps for Research
In Motion's BlackBerry, Apple's iPhone and Google Inc. (NASDAQ:GOOG)'s
Android devices that help users share their location data with their friends.
Echoechos co-founder and chief executive, Nick Bicanic, said that, Weve all been
in a situation when were near our friends but cant actually find them. We wanted
to create an app for that and we wanted one that people would actually use that
doesnt destroy the battery life of your phone, broadcast your location to
everyone in the world or force you to join yet another social network. Google
Inc. (NASDAQ:GOOG) shares were at 534.96 at the end of the last days trading.
Theres been a 3.5% change in the stock price over the past 3 months. Google Inc.
(NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.28 Zacks
Rank: 4 out of 31 in the industry
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